The FCC is probing into T-Mobile's proposed $1.3 billion purchase of Mint Mobile, which is fronted by actor Ryan Reynolds. The agency asked a range of questions about cybersecurity, distribution and public-interest benefits.
Never Ever ever has there been a corporate merger that benefited customers and employees. It only benefits stockholders customers have less options employees get laid off and the product robustness suffers.
It usually doesn’t benefit the shareholders either. Something like 80% of all M&A activity is considered a general failure.
Projected “synergies” never come to fruition because employees on both sides are handled poorly in the transaction. A firm’s capabilities only exist because of its employees; when they all leave, most of the value goes with them.
I think some things can be beneficial to customers. For example, with the T-Mobile and Sprint merger, we got a ton more spectrum, and so speeds are super fast now. And we also got the T-Mobile Connect plans, which is what I use.
There’s lots of things like Google where ubiquity provides simplicity and speed but it also creates a terrible dilemma if the share holder ever has a desire to make profit at the expense of the userbase. So it might be beneficial for now or there might be a silver lining but there is no promise it will always be that way.
In the end T-Mobile is driven by profits not your happiness and if at any point your unhappiness becomes profitable you’re out of options.
Never Ever ever has there been a corporate merger that benefited customers and employees. It only benefits stockholders customers have less options employees get laid off and the product robustness suffers.
It usually doesn’t benefit the shareholders either. Something like 80% of all M&A activity is considered a general failure.
Projected “synergies” never come to fruition because employees on both sides are handled poorly in the transaction. A firm’s capabilities only exist because of its employees; when they all leave, most of the value goes with them.
I think some things can be beneficial to customers. For example, with the T-Mobile and Sprint merger, we got a ton more spectrum, and so speeds are super fast now. And we also got the T-Mobile Connect plans, which is what I use.
There’s lots of things like Google where ubiquity provides simplicity and speed but it also creates a terrible dilemma if the share holder ever has a desire to make profit at the expense of the userbase. So it might be beneficial for now or there might be a silver lining but there is no promise it will always be that way.
In the end T-Mobile is driven by profits not your happiness and if at any point your unhappiness becomes profitable you’re out of options.
Now that is a good point.